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GBPUSD Tumbles as Gilt Yields Surge, Fiscal Fears Ahead of UK Budget

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The Story

News Summary

  • The British pound slid below $1.34 as 30-year gilt yields hit 1998 highs amid fiscal concerns before the Autumn Budget; expected tax rises and BoE scrutiny are increasing downside pressure on sterling.
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GBPUSD price history

1.33 -0.75% over the displayed period

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